One of the most revered names in the business, billionaire hedge fund
manager John Paulson is famous for his lucrative bets against subprime
mortgages in the mid-2000s. Paulson earned a $4.9 billion payout in
2010, breaking records in the hedge fund industry. Lately, however,
Paulson has had to convince investors that his fund is still on the
straight and narrow path—his major funds posted double-digit losses over
the past year and change. The fund’s economic outlook in 2011 was
rather sunny, costing the fund billions as it took on significant
amounts of risk in its investments.
We will take a look here at how Paulson’s major stock picks, as disclosed in Paulson & Co.’s 13F regulatory filing, compare to his past filings, particularly looking at major up and down movements in the portfolio.
Gold is still king. John Paulson continues to load quite a bit of his portfolio with gold-related equities. His SPDR Gold Trust (NYSEARCA:GLD) is valued at $3.7 billion dollars, or about a quarter of the total value of his 13F portfolio. But that’s not all: the top equity holding in the portfolio remains AngloGold Ashanti Limited (NYSE:AU), which, along with convertible bond issues, totals slightly over $1 billion.
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We will take a look here at how Paulson’s major stock picks, as disclosed in Paulson & Co.’s 13F regulatory filing, compare to his past filings, particularly looking at major up and down movements in the portfolio.
Gold is still king. John Paulson continues to load quite a bit of his portfolio with gold-related equities. His SPDR Gold Trust (NYSEARCA:GLD) is valued at $3.7 billion dollars, or about a quarter of the total value of his 13F portfolio. But that’s not all: the top equity holding in the portfolio remains AngloGold Ashanti Limited (NYSE:AU), which, along with convertible bond issues, totals slightly over $1 billion.
Read Full Article>>>